Crypto market loses 200 billion dollars in one day

The crypto market is again affected by panic and the first cryptocurrencies lost more than 200,000 million dollars in a single day, in addition to the falls in the main Wall Street indices, where sales have been imposed in recent days.

Major cryptocurrencies plummeted significantly. Bitcoin fell another 10 % and fell below $ 26,000 for the first time in 16 months. In one week, the main virtual currency has lost more than 30 % of its value.

For its part, the ethereum registered a 15 % drop in the worst moments of tension, losing more than 2,000 dollars to settle at 1,719 dollars per unit, an amount that had not been registered since July 2021.

Terra, lost its parity with the dollar, and was the crypto that suffered the most yesterday. Its value plummeted by more than 96 % in just 24 hours, ending the session at 23 cents.

Its founder explained that he is looking for a way to rebuild it and will modify the “complex mechanism on which it is based and looking for more capital.“

Impact on stock markets

The fear of recession also prevailed yesterday in the stock market. The IBEX lost 1.35 %, to 8,200 points, leading the losses in Europe and weighed down by the sharp declines that marked the opening on Wall Street

The crisis of the cryptographic system has been impacted by variables such as inflation, the “aggressive policy of raising interest rates by the United States Federal Reserve and the downward revision of investors’ economic projections.”

M. Rodríguez

Source: bancaynegocios.com